Radiant Electric Cooperative Inc
- Assets
- $28.9m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Fredonia, KS
- Founding
- 11/1954
- Data as of
- 12/2019
- EIN
- 48-0502834
Organization Overview
Radiant Electric Cooperative Inc is located in Fredonia, KS. The organization was established in 1954. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2018, Radiant Electric Cooperative Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radiant Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2019, Radiant Electric Cooperative Inc generated $9.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
RADIANT ELECTRIC COOPERATIVE IS A MEMBER BASED ORGANIZATION PROVIDING SAFE, RELIABLE AND COST-EFFECTIVE ENERGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UTILIZING APPROXIMATELY 1,502 MILES OF TRANSMISSION AND DISTRIBUTION LINES, RADIANT ELECTRIC COOPERATIVE, INC. PROVIDED 67,978,404 KILOWATT-HOURS OF ELECTRIC ENERGY TO ITS MEMBERS LOCATED PREDOMINATELY IN THE RURAL AREAS OF MONTGOMERY AND WILSON COUNTIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah M Tindle Administrative Manager | Officer | 40 | $131,206 |
Dennis Duft Operations Manager | Officer | 40 | $128,140 |
Sandra Smith Trustee | Trustee | 1 | $5,649 |
Larry Felts Trustee | Trustee | 2 | $5,315 |
Thomas Ayers Vice President | OfficerTrustee | 1 | $5,313 |
Carol Wehmeyer Trustee | Trustee | 1 | $4,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $31,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,444,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $89,957 |
| Compensation of current officers, directors, key employees. | $504,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $486,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $921,512 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,444,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,727 |
| Savings and temporary cash investments | $1,635,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $850,559 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,985 |
| Prepaid expenses and deferred charges | $21,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,852,673 |
| Intangible assets | $0 |
| Other assets | $5,964 |
| Total assets | $28,884,630 |
| Accounts payable and accrued expenses | $427,621 |
| Grants payable | $0 |
| Deferred revenue | $110,220 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,756,310 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $648,618 |
| Total liabilities | $14,942,769 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $12,505 |
| Total liabilities and net assets/fund balances | $13,941,861 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Rural Electric Cooperative Palmyra, MO | $37,368,089 | $19,573,881 |
Sedgwick County Electric Cooperative Association Inc Cheney, KS | $36,473,709 | $18,891,382 |
Gascosage Electric Cooperative Dixon, MO | $57,774,455 | $19,748,899 |
North Central Missouri Electric Cooperative Inc Milan, MO | $39,341,969 | $18,294,115 |
Lewis County Rural Electric Cooperative Association Lewistown, MO | $54,864,852 | $16,122,435 |
Consolidated Mutual Water Company Lakewood, CO | $221,800,692 | $15,225,271 |
Lyon-Coffey Electric Cooperative Inc Burlington, KS | $47,592,400 | $15,534,958 |
Ark Valley Electric Cooperative Assn Inc South Hutchinson, KS | $45,661,646 | $15,134,706 |
Panhandle Rural Electric Membership Association Alliance, NE | $41,224,706 | $16,400,067 |
Grundy Electric Cooperative Incorporated Trenton, MO | $55,809,361 | $15,893,740 |
Tri-County Electric Cooperative Association Incorporated Lancaster, MO | $42,817,850 | $14,224,922 |
Ninnescah Rural Electric Cooperative Association Inc Pratt, KS | $52,244,825 | $13,915,563 |